Friday, 12 June 2009

Trades 12/June/2009

A good day today with two trades.

MET (fall thru prev day low)

Weak first is followed by sideways consolidation at lower end of OR confirming it as resistance. The 6th candle is NR bar off ema and OR low and is our short trigger. Closed partial near whole number as it looked liked it might bounce. Then rest was closed at end of day at 2R level.

VMC (rise thru prev day high)

Strong first is followed by trend up past the OR. The 4th is a IB NR3 pullback and is our long trigger. Closed partial past 1R as it neared whole number and Fib Ext. Then closed rest at 3R as it blew past the $1 gain. I closed this 2nd half because wasn't sure if I was going to be able to watch the market until close. As it turned out I could have got more out of it if I had stayed in.

No other trades. I missed a decent entry in AZN and a couple of others didn't trigger. I'll try to post the 2nd part of my strategy refinement over the weekend if I get time. Been a bit too busy over past week or so with work stuff. Hope you had a good day and have a good weekend.

------Daily Stats -----------------------


Anonymous said...

Nice return on a choppy day.

Anonymous said...

what does is mean IB
thank alot

Giorgio said...

Hi TraderAm,

I've visited your interesting post concerning stock market.

I'm a small trader who like to read something about stck markets.


TraderAm said...

Thanks Jim.

Anon. IB is Inside Bar.

Giorgio. Reading is good :)